EUR/AUD: Medium Term Growth Resumption

Technical Reports

Trading is on the upside for key long term resistance 1.6587. Pivot points are at: (S1) 1.5737; (P) 1.5776; (R1) 1.5852.

A medium term increase from 1.3264 has resumed. The pair’s forecast will stay bullish while support 1.5606 keeps.

The medium term growth from 1.3624 continues, and break of 1.5770 will widen the growth to retest maximum 1.6587. Overcoming of support 1.4949 will indicate a medium term trend reversal and bring retesting of a minimum 1.3624.